Jeddah: Renewable energy will make up 95 percent of total global power capacity growth in the next five years, according to the International Energy Agency. The IEA’s executive director Fatih Birol said when it comes to renewables, solar power plays the most significant role. “Solar is the new king of the global power markets,” he…
RIYADH: China plans to ban companies from going public on foreign stock markets through entities with different interests. It will close a loophole that the country’s technology industry has long used to raise capital from foreign investors, according to Bloomberg. People familiar with the matter, who asked not to be identified while discussing private information,…
RIYADH: China plans to ban companies from going public on foreign stock markets through entities with different interests. It will close a loophole that the country’s technology industry has long used to raise capital from foreign investors, according to Bloomberg. People familiar with the matter, who asked not to be identified while discussing private information,…
RIYADH/CAIRO: The eurozone’s industrial production went down by a monthly rate of 0.2 percent, building on the last month’s drop of 1.7 percent, the Eurostat said. This was driven by a 0.7 percent decline in output of capital goods and a 0.2 percent fall in production of intermediate goods. On an annual basis, the eurozone’s…
GLASGOW: A top Iraqi official said developing and underdeveloped countries “are victims of more than 300 years of industrial activity with high carbon emissions.” Talking to Arab News on the sidelines of COP26 in Glasgow, Scotland, the Iraqi deputy minister of health and environment for environmental affairs deplored the mounting pressure from developed countries not to…
GLASGOW: A top Iraqi official said developing and underdeveloped countries “are victims of more than 300 years of industrial activity with high carbon emissions.” Talking to Arab News on the sidelines of COP26 in Glasgow, Scotland, the Iraqi deputy minister of health and environment for environmental affairs deplored the mounting pressure from developed countries not to…
RIYADH: Wa’ed, the entrepreneurship arm of Aramco, has allocated up to SR8.1 million ($2.15 million) in new seed grants, loans, and VC investments for six Saudi startups during its fifth roadshow stop in Madinah. The amount includes Wa’ed’s SR1.9 million venture capital fund in Qreeb, a Saudi-based and ISO-certified e-procurement startup. The fifth stop was…
Negotiators at this year’s UN climate talks in Glasgow appeared to be backing away from a call to end all use of coal and phase out fossil fuel subsidies completely, but gave poor countries hope for more financial support to cope with global warming, Associated Press is reporting. The latest draft proposals from the meeting’s chair…
Negotiators at this year’s UN climate talks in Glasgow appeared to be backing away from a call to end all use of coal and phase out fossil fuel subsidies completely, but gave poor countries hope for more financial support to cope with global warming, Associated Press is reporting. The latest draft proposals from the meeting’s chair…
Negotiators at this year’s UN climate talks in Glasgow appeared to be backing away from a call to end all use of coal and phase out fossil fuel subsidies completely, but gave poor countries hope for more financial support to cope with global warming, Associated Press is reporting. The latest draft proposals from the meeting’s chair…
RIYADH: The Bitcoin price is likely to continue rising until at least the second quarter of 2022 amid continuing global inflation fears, predicts the CEO and founder of deVere, Nigel Green. He was speaking as the world’s dominant cryptocurrency hit another all-time high at $69,000 on Wednesday. It followed data revealing that inflation has surged to a 31-year…
RIYADH: The unemployment rate in Japan remained unchanged for the third consecutive month at 2.8 percent in September, data from Japan’s Ministry of Internal Affairs and Communications showed.Meanwhile, Japan’s industrial production fell on a monthly basis by 5.4 percent in September, continuing its trend of decline, a flash estimate by the country’s Ministry of Economy…
RIYADH: The unemployment rate in Japan remained unchanged for the third consecutive month at 2.8 percent in September, data from Japan’s Ministry of Internal Affairs and Communications showed.Meanwhile, Japan’s industrial production fell on a monthly basis by 5.4 percent in September, continuing its trend of decline, a flash estimate by the country’s Ministry of Economy…
LONDON: UK Prime Minister Boris Johnson has called this week’s UN climate change summit, COP26, which kicks off in Glasgow today, a “turning point for humanity.” Unfortunately, in the last few days, the normally Tiggerish Johnson has also warned that getting the world’s governments to agree on binding commitments to radically reset Earth’s climate trajectory, is…
LONDON: UK Prime Minister Boris Johnson has called this week’s UN climate change summit, COP26, which kicks off in Glasgow today, a “turning point for humanity.” Unfortunately, in the last few days, the normally Tiggerish Johnson has also warned that getting the world’s governments to agree on binding commitments to radically reset Earth’s climate trajectory, is…
LONDON: UK Prime Minister Boris Johnson has called this week’s UN climate change summit, COP26, which kicks off in Glasgow today, a “turning point for humanity.” Unfortunately, in the last few days, the normally Tiggerish Johnson has also warned that getting the world’s governments to agree on binding commitments to radically reset Earth’s climate trajectory, is…
Saudi mining skyrockets in 2021 amid serious governmental steps, says vice minister RIYADH: Investment interest in Saudi mining has skyrocketed this year 2021, Khalid Al-Mudaifer, vice minister for mining affairs at the Ministry of Industry and Mineral Resources (MIM) told Arab news, on the sidelines of the FII summit.“We have issued eight new mining licenses;…
Saudi mining skyrockets in 2021 amid serious governmental steps, says vice minister RIYADH: Investment interest in Saudi mining has skyrocketed this year 2021, Khalid Al-Mudaifer, vice minister for mining affairs at the Ministry of Industry and Mineral Resources (MIM) told Arab news, on the sidelines of the FII summit.“We have issued eight new mining licenses;…
RIYADH: NEOM began as an idea conceived by Crown Prince Mohammed bin Salman during the first Future Investment Initiative Forum in 2017. The ambitious project is now a reality that serves as a vision for the future of a world that harnesses the power of smart technology, harmoniously linked with nature, to perfectly cater to…
RIYADH: NEOM began as an idea conceived by Crown Prince Mohammed bin Salman during the first Future Investment Initiative Forum in 2017. The ambitious project is now a reality that serves as a vision for the future of a world that harnesses the power of smart technology, harmoniously linked with nature, to perfectly cater to…
